Centralized and decentralized exchanges explained in three sentences:
Every swap on a DEX is an on-chain transaction, so you need to pay the network’s gas fee.
Anyone can create a new pool on a DEX, so new tokens launch quickly—but there are also more counterfeit tokens. Always verify the contract address.
For convenient deposits, withdrawals, and customer support, a CEX is a better fit. If you want to manage your own private keys and use on-chain apps, you’ll need to learn how to keep your wallet secure.
$BNB 748.48 (+0.97%)
Every swap on a DEX is an on-chain transaction, so you need to pay the network’s gas fee.
Anyone can create a new pool on a DEX, so new tokens launch quickly—but there are also more counterfeit tokens. Always verify the contract address.
For convenient deposits, withdrawals, and customer support, a CEX is a better fit. If you want to manage your own private keys and use on-chain apps, you’ll need to learn how to keep your wallet secure.
$BNB 748.48 (+0.97%)